March 27 (Reuters) - Romania sold a more than planned
556.0 million lei ($121.25 million) worth of July 2027 bonds
on Monday, with the average accepted yield at 7.15%, central
bank data showed.
Debt managers, who had planned to sell 300 million lei of
the paper, last sold the paper in September 2022 at an average
yield of 8.10%.
Series: RO1227DBN011
Issue date 29/03/2023 12/09/2022
Auction date 27/03/2023 8/09/2022
Maturity 26/07/2027 26/07/2027
Avg.yield (pct) 7.15 8.10
Avg. accepted price 95.0891 91.0225
Highest accepted yield 7.15 8.12
Tail (highest yield 0.00 0.02
minus average yield)
Total bids 1.14 bln lei 1.30 bln lei
Allotted 556.0 mln lei 822.5 mln lei
Bid-to-cover ratio 2.04 1.58
($1 = 4.5857 lei)
(Reporting by Antonis Triantafyllou and Antonis Pothitos in
Gdansk)
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